Moog Inc. Announces Cash Dividend

Rhea-AI Summary

The Board of Directors of Moog has announced a quarterly dividend increase to $0.26 per share for both Class A and Class B common stock. This dividend will be paid on February 28, 2022, to shareholders on record as of February 11, 2022. The total cash outlay for this dividend is approximately $8 million. Future dividends will depend on the Board's discretion.

Positive

• Dividend increased to $0.26 per share, signaling strong cash flow.
• Total dividend payout of approximately $8 million demonstrates commitment to returning value to shareholders.

Negative

• None.

Dividend increased to $0.26 per share

EAST AURORA, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on February 28, 2022 to all shareholders of record as of the close of business on February 11, 2022.

The dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.

About Moog

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220128005059/en/

Ann Marie Luhr

716-687-4225

Source: Moog Inc.

FAQ

What is the new dividend amount for Moog Inc. for 2022?

Moog Inc. has increased its dividend to $0.26 per share.

When will the Moog Inc. dividend be paid?

The dividend will be paid on February 28, 2022.

What is the record date for Moog's dividend payment?

The record date for the dividend payment is February 11, 2022.

How much cash will Moog distribute for the dividend?

Moog will distribute approximately $8 million for the dividend.

Are future dividends guaranteed for Moog Inc. shareholders?

Future dividends are subject to the determination and discretion of Moog’s Board of Directors.